A class action lawsuit has been filed against Target Corporation and its officers over alleged violations of federal securities laws. The lawsuit claims that the company misled investors with false statements about its Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) mandates.
The complaint alleges that Target’s 2023 LGBT-Pride campaign caused widespread customer boycotts, leading to a decline in sales and stock price. The lawsuit also claims that the company’s CEO and Board of Directors failed to disclose known risks associated with these campaigns.
Investors who purchased or acquired Target securities between August 26, 2022, and November 19, 2024, are eligible to join the case. The firm representing the class action is Bronstein, Gewirtz & Grossman, LLC, which has recovered hundreds of millions of dollars for investors nationwide.
If you suffered a loss in Target, you have until April 1, 2025, to request that the Court appoint you as lead plaintiff. There is no cost to you for filing the lawsuit, as the firm represents investors on a contingency fee basis.
Source: https://stockhouse.com/news/press-releases/2025/02/03/tgt-shareholder-alert-bronstein-gewirtz-and-grossman-llc-announces-that-target